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Started 1 week ago · Updated 2 days ago

Nepal's Public Debt Surges by Rs. 300 Billion in Ten Months, Reaching Rs. 2.97 Trillion

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Nepal's public debt has increased by over Rs. 300 billion in the first ten months of the current fiscal year, reaching a total of Rs. 2,975.04 billion by mid-May 2026. This surge is attributed to both domestic and external borrowing, with currency depreciation alone adding Rs. 167.75 billion to the debt burden. The government has also spent Rs. 292.52 billion on debt servicing during the same period.

  • The total public debt stock grew by 11.25 percent during the review period, with external debt increasing by 13.37 percent and domestic debt by 9 percent.
  • As of mid-May 2026, external debt constitutes Rs. 1,593.81 billion (53.57%) of the total public debt, while domestic debt stands at Rs. 1,381.22 billion (46.43%).
  • The country's debt-to-GDP ratio has reached 45.08 percent, with external debt accounting for 24.15 percent and domestic debt for 20.93 percent.
  • The government has utilized 71.17 percent of its allocated budget for debt servicing, spending Rs. 231.92 billion on principal repayments and Rs. 60.59 billion on interest payments.

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